this post was submitted on 06 Aug 2024
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The reason Chinese EVs are so cheap is because China subsidizes them immensely. They're basically selling below cost, and expecting private US companies to compete with that impossible price. As long as we allow competitors from other countries in, as well as pushing for electric vehicle usage, the prices will drop. Man companies won't be able to sell gas cars after 2035 in many large states and countries. People would rather buy an older used gas car than a very expensive electric I bet.
I have an ancient ICE car. Like a 2001 Honda. I bought it because it was cheap and the engine good.
But we subsidize the fossil fuel industry and have historically subsidized the auto industry. Why not do it?
I mean, we are with tax credits if they meet certain requirements like assembly in North America, etc.
Which I don't think really any of them do yet.
But the whole situation is fucked. We should have been doing this properly 20 years ago.
sure they do.
https://fueleconomy.gov/feg/tax2023.shtml
Bolts for example qualify and are relatively affordable.
Love my Bolt. Naturally it was discontinued :)
Relatively affordable at twice the price and then some of the cheapest Chinese ev. But sure.
I was addressing your assertion that none qualify for tax credits, which is wrong. but if you want to compare the prices to Chinese EVs, NA EVs aren't produced in china. part of the price is developing production here in the US, which we want to do.
You also have the option of getting a used EV with a smaller tax credit, which is what I did.
Subsidize to include worker rights suppression to include the extreme of state sanctioned slavery.